What is Libra Credit?
Libra Credit is the newest decentralized trading ecosystem that helps to facilitate a brand-new lending ecosystem. It will also give you ultimate access to a full line of credit from anywhere in the world, at any time. The platform is based on the powerful Ethereum Blockchain Technology.
How Does Libra Credit (LBA Token) Work?
The company has extensive partnership networks and they are used to collaborate with other partners in both the cryptocurrency world and financial markets. With this, the synergistic partnerships work in conjunction with the different cryptocurrency exchanges, and companies like Stablecoin Providers, the maker of the DAO. There are other third-party applications as well that are used to verify user identities.
And in fact, there are also major data providers involved with the system as well as other financial institutions like banks, and asset managers to help improve the platform. All of this is said to help reinforce the Libra Line of Credit that you can use to increase your ability to take out loans and add value to the platform’s partners.
There is also said to be majorly flexible for everyone who is participating. The crypto to fiat loan is designed to allow the collateralization of different coins to spend money with no risk of sacrificing any of the positions of the cryptocurrencies.
And the crypto to Stablecoin loans are also designed to enable borrowers to hedge price volatilities with no exit for the market. And there is also lending for crypto to crypto needs that gives borrowers the ability to pledge other altcoins for more popular cryptocurrencies with more liquidity.
The proprietary AI-Base credit assessment framework makes for fast work. There is an inhouse risk management technology that has already been used in China with great success, as well as in the rest of the Asian market.
The pioneer in digital credit is used to leverage a dual-credit assessment framework as well. And it automatically takes into consideration both the viability of the pledged collateral, combined with credit scoring that is ideal for the individual who is taking out the loan.
What is the ICO on Libra Credit?
There hasn’t been an ICO announced for the company just yet. But hopefully, within a short period of time – they will announce the first of the initial coin offering pre-sale numbers and token stats. Until then, we are kind of up in the air when it comes to Libra Credit ICO.
Who is Behind Libra Credit?
The company is run by a wide group of different blockchain specialists, cryptocurrency experts, and investment specialists. As of now, there appears to be five verified board members running the show successfully. You can subscribe to newsletters on the company website to stay up to date. And you can additionally follow them on different social media sites if you’re so inclined.
Libra Credit (LBA Token) in Conclusion
The group is run by FBG Capital, a digital asset management firm that specializes in blockchain based capital markets. They are the ones who make up the team and the list of advisors as well. If you want to join the platform and have them user your capital for the purpose of investing or take a loan out from, head to LibraCredit.io to learn more or simply get started.